Manulife Investment Management launches Global Climate Action Fund in Europe to help meet growing demand for sustainable investment solutions that tackle climate risk
Three additional Manulife Global Fund sub-funds available for sale, offering specialist investment solutions and ongoing product development to European investors
LONDON, September 5, 2022 /PRNewswire/ — Manulife Investment Management has announced the launch of the Manulife Global Fund – Global Climate Action Fund (“Fund”)1 for European institutional investors2 in a continued drive to invest in innovative organizations that help achieve net zero. The Article 9 Fund seeks long-term capital growth by investing in organizations that make a positive contribution to climate change.
Sustainable investing is a key driver of investing in Europe: European assets invested in investment funds labeled as sustainable under the Sustainable Finance Disclosure Regulation doubled to reach 4 trillion euros by the end of 2021.3 Manulife Investment Management is a founding member of Climate Action 100+ and signatory of the United Nations Principles for Responsible Investment (PRI) from which he received the PRI Leaders Awards in 2020 for climate reporting practices. It is well positioned to meet the increasingly demanding investment needs of investors with solutions that help reduce carbon emissions while seeking to generate long-term sustainable investment returns through equity investments. .
“European investors are very aware of how their actions affect the environment and demand innovative investment solutions that focus on and measure climate action,” says Patrick Blais, head of the fundamental equity team at Manulife Investment Management. “We believe that companies that are nimble and able to align policies and practices to reduce their carbon emissions while creating strong financial returns are bound to be more attractive to investors, have greater potential for outperformance and may represent less risk for long-term investors.
Manulife Investment Management launched its Global Climate Action strategy in Canada early last year and is now available to European institutional investors through the Fund. The Fund seeks to invest in companies which the investment manager considers to comply with the principles of Paris Agreement and make positive contributions to climate change.
“While some funds focus on passive investing in companies that have low greenhouse gas emissions, we also seek to invest in companies with the potential to significantly reduce their emissions, seeking companies that have integrated scientific objectives in their activities to ensure long-term measurable impact, which should contribute to accelerating the achievement of net zero objectives,” added Mr. Blais.
“Manulife Investment Management offers products and services that can generate long-term growth and support clients who want to make sustainable choices,” said Marco Zanuso, Head of EMEA Distribution, at Manulife Investment Management. “The launch of this and other sustainability-focused Manulife Global Fund sub-funds to European institutional clients showcases our ESG capabilities and the importance of aligning with the Paris Agreement framework in the journey to a low-carbon future. It also illustrates our overall approach. invest to seize opportunities for European investors in all markets.”
Manulife Investment Management expands European offering with three additional Manulife Global Fund sub-funds
Manulife Investment Management also announced the expansion of its lineup of Manulife global fund sub-funds available to European investors: Sustainable Asia Equity Fund, Asian High Yield Fund and US Small Cap Equity Fund.
The Sustainable Asia Equity Fund, an Article 8 fund, follows the launch of Manulife Investment Management’s Sustainable Asia Bond Fund in 2020 and seeks to capitalize on ongoing global trends in sustainable and responsible investing. Sustainable Asia Equity Fund aims to capitalize on the sustainability opportunities that exist in the region, driven by the growing importance placed by investors and stakeholders on corporate sustainability in Asia.
The Asian High Yield Fund and the U.S. Small Cap Equity Fund continue Manulife Investment Management’s long-standing expertise in United States and Asia in the European market, giving investors access to attractive investment opportunities on these continents.
The Manulife Global Fund – Global Climate Action Fund and the three other sub-funds mentioned in this document are offered to institutional investors in the following European countries: UK, Italy, Germany, Luxemburg, Finland, Denmarkand Swiss.
About Manulife Investment Management
Manulife Investment Management is the global brand for the global wealth and asset management business of Manulife Financial Corporation. We draw on more than a century of financial stewardship and all the resources of our parent company to serve individuals, institutions and pension plan members around the world. Based at Toronto, our industry-leading capabilities in public and private markets are bolstered by an investment footprint that spans 19 geographies. We complement these capabilities by providing access to a network of unaffiliated asset managers around the world. We are committed to investing responsibly in our business. We develop innovative global frameworks for sustainable investing, collaborate with companies in our securities portfolios and maintain a high standard of stewardship where we own and operate assets, and we believe in supporting financial well-being through our workplace pension plans. Today, plan sponsors around the world rely on our expertise in pension plan administration and investment to help their employees plan, save and live a better retirement. Not all offers are available in all jurisdictions. For more information, please visit manulifeim.com.
1 Manulife Global fund (an investment company with variable capital domiciled in Luxembourg) is a company registered under Part I of the Luxembourg law of 17 December 2010 (as amended) The Company qualifies as an undertaking for collective investment in transferable securities (“UCITS”) and has obtained recognition under Directive 2009/65 of the European Parliament and of the Council. It has appointed Manulife Investment Management (Ireland) Limited to act as a management company (“Management Company”) within the meaning of Schedule II of the 2010 Act.” https://www.manulifeglobalfund.com/
2 The Manulife Global Fund – Global Climate Action Fund is available to institutional investors in the following European countries: United Kingdom, Italy, Germany, Luxembourg, Finland, Denmark and Switzerland.
3 Source: Bloomberg Intelligence, February 23, 2021: ESG assets could reach $53 trillion by 2025, a third of global assets under management.
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SOURCE Manulife Investment Management